3 Steps to Prevent Promo Abuse and Loyalty Program Fraud
Did you know that 49% of ecommerce businesses have experienced an increase in promo abuse since 2020? Meanwhile, loss from direct and indirect loyalty program fraud is increasing at an alarming rate, currently estimated at $1B each year. What is Promo Abuse and Loyalty Program Fraud? Loyalty program fraud happens when a customer is abusing […]
What is Collusion Fraud and why is it so Prevalent in Marketplace Businesses?
Collusion fraud was once a team-effort event that took place in brick-and-mortar stores; someone buys an item with a stolen credit card and a second person returns the item in exchange for a store gift card. This small-time crime has since evolved into a major online industry with one major target: ecommerce marketplace businesses. Let’s […]
The Data Driven Distinction in 2022: Ekata at the Online Retail Expo in Sydney
Ekata’s Director of Business Development James Sibbick presented the following statistic on frictionless experiences: 92% of consumers expect a fast, frictionless experience – while also getting one that is as trustworthy and secure as possible. He reminded us all that the number could well be out of date; if anything, it’s higher. Consumer expectations are […]
Ekata Engineering Employees Honored In Award Programs
We are thrilled to announce two Ekata team members were recently honored with awards for their contributions to Ekata’s engineering team; specifically the areas of digital fraud prevention, identity verification, and risk assessment. Varun Kumar has been named the gold winner in the “Executive of the Year | Artificial Intelligence” category at the IT World […]